Revolut - News, Articles & Research

Molten Ventures wipes 40% off Revolut valuation

Venture capital firm Molten Ventures has written down its holding in Revolut by 40%, adding to the fintech's woes as it struggles to gain a UK banking licence.

15 June 2023

Company announcement/retail

Revolut surpasses 30 million customers worldwide

Revolut, the global financial super app, has surpassed 30 million retail customers worldwide, and is now processing over 400 million transactions a month.

01 June 2023

News/startups

Revolut faces reported rejection for a UK banking license

The Bank of England is planning to reject Revolut’s long-standing application for a banking license in the UK, according to the Telegraph.

19 May 2023

News/regulation

Revolut launches Oz business account; wants banking licence

Fintech giant Revolut has launched multi-currency business accounts in Australia and signalled its intention to obtain a banking licence in the country.

19 May 2023

News/people

Revolut UK chief told customer he would be waiting for him with a shotgun

Revolut is investigating complaints that its former UK head accidentally texted an irate customer to say he would be waiting for him 'in the garden with my shotgun'.

15 May 2023

News/retail

Revolut to begin offering loans in France

Revolut has announced its ambitions for France over the next two years, including the roll-out of customer credit products at the end of this month.

12 May 2023

News/people

Revolut CFO quits for 'personal reasons'

Revolut has lost another senior executive, with chief financial officer Mikko Salovaara leaving the fintech giant for "personal reasons". Separately, Wise CEO Kristo Kaarmann is set to take a three-month sabbatical.

11 May 2023

Company announcement/crypto

Revolut launches new Avalanche cryptocurrency educational courses

Revolut, the global financial super app with more than 29 million customers worldwide, is taking another step forward towards its mission of bringing customers the best financial products and services to manage their money.

10 May 2023

News/regulation

Revolut CEO claims banking crisis is delaying UK licence application - FT

Revolut CEO Nik Storonsky says the fintech's two-year quest to secure a UK banking licence is now being held up by "extra cautious" regulators spooked by recent events at the likes of Silicon Valley Bank and Credit Suisse.

08 May 2023

News/crypto

Revolut goes live in Brazil

Revolut has made its first foray into Latin America with a live launch in Brazil.

02 May 2023

Company announcement/crypto

Revolut enables its customers to meet their crypto tax reporting obligations

Revolut, the global financial super app with more than 28 million customers worldwide, opens the crypto customers' access to an external tax reporting service at discounted prices, and takes another step forward towards its mission to build the first super app for all-things-money.

27 April 2023

News/retail

Revolut valuation almost halved by Schroders

Investment bank Schroders has slashed the valuation of its shareholding in Revolut by almost half after the firm was criticised for downplaying red flags from auditors BDO over its revenue statement.

24 April 2023